(Energy Analytics Institute, 26.Aug.2020) — EP PetroEcuador held the last spot tender of the year, and in so doing awarded the export of 5,400,000 +/- 5% barrels of Napo crude oil of 17-degree API to Unipec América Inc., which presented the best offer with a spread of (-$4.68 per barrel). […]
Tag: Pablo Flores
Trafigura Wins Tender For 6.5 MMbbls Of Oriente Oil
(Energy Analytics Institute, 14.Aug.2020) — Ecuador’s state oil company EP PetroEcuador awarded the third spot market sale of 2020 for a volume of 6,480,000 barrels of Oriente crude oil of approximately 24-degree API, to Trafigura PTE LTD. Trafigura won the bid with a per barrel differential of -$3.33, EP PetroEcuador […]
EP PetroEcuador Awards Spot Sale To Phillips 66 Co.
(Energy Analytics Institute, 30.Jun.2020) — EP PetroEcuador awarded the second spot market sale of 2020 to US refining company Phillips 66 Company. The sale is for 3,600,000 barrels of Oriente crude oil of approximately 24-degrees API. Phillips 66 offered the best differential with a value of -$1.77 per barrel, EP […]
Ecuador Crude Pipelines Brace For Further Erosion
(Argus, 8.Jun.2020) — State-owned PetroEcuador restarted the 360,000 b/d Sote crude pipeline today after completing a second bypass. Heavy rains ruptured the line in early April and caused erosion around a series of rivers in San Rafael on the border between Napo and Sucumbios provinces. The two bypasses, one of […]
EP PetroEcuador Cuts Import Budget By $191.7mn
(Energy Analytics Institute, Piero Stewart, 5.May.2020) — EP PetroEcuador reprogrammed its imports of high-octane naphtha ron 93, naphtha ron 80, premium diesel, cutter stock and diesel oil. “Derivatives imports have been rescheduled for May and June of this year, so we will have a $191.7 million reduction in the annual […]
PetroEcuador Implementing Coronavirus Protocols
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador has begun to implement office protocols to reduce the spread of coronvirus. Once Ecuador declared a health emergency, PetroEcuador began to implement safety precautions that would allow its activities to continue including those related to signing contracts […]
EP PetroEcuador GM Visits Balao Maritime Terminal
(Energy Analytics Institute, Piero Stewart, 11.Mar.2020) — EP PetroEcuador General Manager Pablo Flores supervised operations at the Esmeraldas Maritime Port and the Balao Maritime Terminal, which are part of the Trans-Ecuadorian Pipeline System (SOTE), and where the company carries out crude oil export activities essential for Ecuador’s economy. During the […]
EP PetroEcuador Awards First Spot Sale Of 2020
(Energy Analytics Institute, Piero Stewart, 19.Feb.2020) — Ecuador’s state oil entity EP Petroecuador awarded its first spot market sale of 2020 to refining company Phillips 66 Company. The deal is for approximately 1,080,000 barrels of 24-degree API crude oil, EP PetroEcuador announced 19 February 2020 in an official statement. EP […]
PetroEcuador Renegotiates Deal With Asia’s PTT
(Energy Analytics Institute, Piero Stewart, 21.Feb.2020) — Empresa Pública PetroEcuador completed negotiations with Thailand state-owned company PTT International Trading PTE. LTD. related to reprogrammed 6,480,000 barrels of crude oil, equivalent to 18 shipments of 360,000 barrels each. The volume represents estimated income of $373,705,202, since the barrels can be marketed […]
EP PetroEcuador Hosts Executives From Japanese Companies
(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — Executives from the Japanese companies Mitsubishi Motors, Nexi Nippon Export and Investment Insurance and Bank of Tokyo conducted meetings with EP PetroEcuador General Manager Pablo Flores to study and explore business opportunities for the benefit of Ecuador and Japan, EP PetroEcuador said in […]
EP PetroEcuador Manager Supervises Terminal Operations [Video]
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) — EP PetroEcuador General Manager Pablo Flores supervised operations at the El Chorrillo, Pascuales and a Estación de Transferencia Tres Bocas Transfer Station in the province of Guayas. ***